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This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that, with the exception of …
Persistent link: https://www.econbiz.de/10011288530
This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
Persistent link: https://www.econbiz.de/10010349913
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries …. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a … multidimensional setting by considering the joint distribution of income and wealth. The results indicate that the percentage of …
Persistent link: https://www.econbiz.de/10010459794
particular interest to economists, namely income and wealth and (b) to discuss issues in relation to their use, in particular … with respect to missing data. We describe how the income and wealth data were collected. We assess the quality of the … consider the relationship between income/wealth and life satisfaction, another variable captured in TILDA. We find that income …
Persistent link: https://www.econbiz.de/10009740282
, income and welfare state policies in explaining differences in household net wealth within and between euro area countries … these households have considerably higher net wealth than those which did not inherit. Second, regression analyses on … households' relative wealth position show that, on average, having received an inheritance lifts a household by about 14 net …
Persistent link: https://www.econbiz.de/10013014961
This article aims at linking the household wealth and income distributions for 15 European countries using the … determining its location in the wealth distribution. A generalized ordered probit model is estimated to explain the role played by … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …
Persistent link: https://www.econbiz.de/10013050546
This article aims at linking the household wealth and income distributions for 15 European countries using the … determining its location in the wealth distribution. A generalized ordered probit model is estimated to explain the role played by … the position in the income distribution and by intergenerational transfers on the probability to be in a given wealth …
Persistent link: https://www.econbiz.de/10013053420
In the Survey of Household Income and Wealth (SHIW) conducted by the Bank of Italy, the flow variables (income and … consumption) refer to the year preceding the interview while the stock variables (household composition and net wealth) refer to … estimates of household income and wealth and propose an adjustment method …
Persistent link: https://www.econbiz.de/10013017170
Recent books by Thomas Piketty (Piketty, 2014) and Anthony Atkinson (Atkinson, 2015) have brought the annual wealth tax … back on the policy agenda. Both authors suggest using the annual wealth tax to supplement the redistributional effects of …, the wealth tax is often not delivering the expected effects - a large share of the tax burden falls on people with low …
Persistent link: https://www.econbiz.de/10011717186
As the importance of capital is resurging in rich countries, the dynamics of wealth inequality are being increasingly … affected by inheritance distribution. The relative attraction derived from inherited wealth and acquired human capital in …'s aristocratic wealth has experienced more negative shocks since WWII, social stratification is perceived as less acute, and half of …
Persistent link: https://www.econbiz.de/10011874278